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Dec 5, 2013
12/13
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KICU
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one reason is the sign that more americans are getting jobs, which reflects growth in the economy. the adp national employment report showed the private sector added 215,000 jobs in november, and that was more than expected. close attention will be paid to the november report, which is due out on friday. >>> it's cold out there right now. check out napa at 24 degrees. i've got a forecast for napa in the area around santa rosa, for overnight lows into the teens. napa could easily get down to 19 degrees tonight. even cooler. walnut creek, 26 degrees. right now, temperatures below freezing. the freeze warning in effect for everybody until 9:00 a.m. tomorrow except san francisco. interestingly enough, we still have light winds out there. these winds, when they die down, it's going to get colder. we're looking for records tomorrow. napa tomorrow could easily crush its record set in 1972. the records of 1972. livermore, 24. that breaks a record. oakland could break a record. san francisco could break a record. it is going to be one cold morning tomorrow morning. then on top of that, the
one reason is the sign that more americans are getting jobs, which reflects growth in the economy. the adp national employment report showed the private sector added 215,000 jobs in november, and that was more than expected. close attention will be paid to the november report, which is due out on friday. >>> it's cold out there right now. check out napa at 24 degrees. i've got a forecast for napa in the area around santa rosa, for overnight lows into the teens. napa could easily get...
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Dec 7, 2013
12/13
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KICU
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. >>> one sign we are seeing of an improving economy is the holiday partying. here's an example of that. the general manager says she's seen more reservations for holiday parties than in previous year. so far that restaurant has booked 25 parties and six more are waiting to be confirmed. >>> we have parties from 10 people to 100 people. >>> she says those parties can account for 10% of the year's revenue and this year she says is looking pretty good. >>> it's the ultimate gift for a coffee lover. an extremely limited rose gold colored metal gift card. it's $450. only 4,000 were available and they sold out in second. some are going for more than $1,500 on ebay. some customers are not happy about the sale. luxury own line posted and then pulled the card immediately. >>> an unusual art theft in sacramento and it was met with an unusual punishment. a print of a nude woman on a cigar has hung for many years. there have been attempts to steal it but someone finally made off with it. but police used cameras to identify the thief. he managed to bargain his way out of b
. >>> one sign we are seeing of an improving economy is the holiday partying. here's an example of that. the general manager says she's seen more reservations for holiday parties than in previous year. so far that restaurant has booked 25 parties and six more are waiting to be confirmed. >>> we have parties from 10 people to 100 people. >>> she says those parties can account for 10% of the year's revenue and this year she says is looking pretty good. >>> it's...
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Dec 8, 2013
12/13
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WJLA
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maybe 'cuz its got the power and the fuel economy of an ecoboost engine. it doesn't matter what they're doin' on the other side of that fence. more guys count on f-150 than any other truck. shovels down. this is the ford f-150. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ like the enticing aroma and distinctive taste of nespresso. elegant capsules meet masterfully crafted machines, and one touch creates the perfect coffee, cappuccino, and latte. ♪ tempt all your senses with one extraordinary coffee. [ penélope cruz ] nespresso. what else? [ male announcer ] discover the world of nespresso at bloomingdale's, chevy chase and nespresso-us.com. avo: thesales event "sis back. drive" [ male announcer ] discover the world of nespresso
maybe 'cuz its got the power and the fuel economy of an ecoboost engine. it doesn't matter what they're doin' on the other side of that fence. more guys count on f-150 than any other truck. shovels down. this is the ford f-150. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is...
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. >>> we're going to begin with good news about the economy. the labor department reports that some 203,000 jobs were created last month. that number surpasses expectation. the unemployment rate also dropped to an even 7%, the lowest mark in five years. job growth especially strong? manufacturing and construction. >>> meanwhile, the fbi's investigating the shooting death of an american chemistry teacher on the streets of benghazi, libya. ronnie smith, you see him here just about to join his wife and young son in texas for the holidays. his murder comes days after al qaeda called for libyans to attack u.s. interests. >>> and an arizona family have survived this. this is the end of a car crash that sent that family plummeting 250 feet down a cliff. the driver with her sister and two nieces in the car, struck a patch of that ice covering so much of the country. thankfully, everyone was wearing their seatbelts so everyone in fact, only suffered minor injuries. wear those seatbelts today, please. >>> and good news from the florida everglades, as wel
. >>> we're going to begin with good news about the economy. the labor department reports that some 203,000 jobs were created last month. that number surpasses expectation. the unemployment rate also dropped to an even 7%, the lowest mark in five years. job growth especially strong? manufacturing and construction. >>> meanwhile, the fbi's investigating the shooting death of an american chemistry teacher on the streets of benghazi, libya. ronnie smith, you see him here just...
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. >> workers take the jobs because they are desperate in an economy that is not creating enough work for people with want to go to work and not creating enough middle class jobs. >> this is the demonstration in oakland back if october and if the minimum wage went up to $15 food prices would go up and there would be fewer jobs. last month, president obama said he would back a senate measure to raise the federal minimum wage to $10.10 an hour and san francisco and san jose heard pay $10 or more an hour. >> a report card is due for bart police show how well they have implemented changes in the wake of the oscar grant shooting five years ago. bart police will receive grids -- grades on 55 changes recommended with calls for bart miss to improve rider state, increase visibility, and provide proper training to employees. the bart board will be briefed on the train break down in the berkeley hills tunnel and consider bart fare changes. >> the agency that oversees development in the san francisco way has launched a remain for am investigation into google secret barge at treasure island. right
. >> workers take the jobs because they are desperate in an economy that is not creating enough work for people with want to go to work and not creating enough middle class jobs. >> this is the demonstration in oakland back if october and if the minimum wage went up to $15 food prices would go up and there would be fewer jobs. last month, president obama said he would back a senate measure to raise the federal minimum wage to $10.10 an hour and san francisco and san jose heard pay...
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Dec 10, 2013
12/13
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KGO
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still ahead tonight backlash against a booming economy. why people are ganging up on google claiming the tech industry isn't pulling its own weight. >> 18 sheriff deputies find themselves on the wrong side of the law. >> who is to blame for the crash of asiana flight 214? >> question btz [[man] it's nothing but tape... [woman] it's a block. we're havin' a baby! [laughter in background] [woman screams] are we havin' a baby? [ambient crying and laughter] shot neces is this flu shot necessary? it keeps you healthy during flu season. but does it hurt? nah. plus you get a really sweet bandaid! anything else i should know? here's a thought, try scoring more points on the other team. okay. even a warrior can get sick. kaiser permanente reminds you to get your flu shot this season. >>> people angry over what is called an invasion by dozens of private shuttle buses operated to take employees to, and from work. we're live in the mission district tonight where they held a protest. >> we're talking about these gigantic bus that's ferry people to and f
still ahead tonight backlash against a booming economy. why people are ganging up on google claiming the tech industry isn't pulling its own weight. >> 18 sheriff deputies find themselves on the wrong side of the law. >> who is to blame for the crash of asiana flight 214? >> question btz [[man] it's nothing but tape... [woman] it's a block. we're havin' a baby! [laughter in background] [woman screams] are we havin' a baby? [ambient crying and laughter] shot neces is this flu...
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Dec 10, 2013
12/13
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KOFY
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still ahead tonight backlash against a booming economy. why people are ganging up on google claiming the tech industry isn't pulling its own weight. >> 18 sheriff deputies find themselves on the wrong side of the law. >> who is to blame for the crash of asiana flight 214? of asiana flight 214? >> question btz integrity of the [ laughter ] he loves me. he loves me not. he loves me. he loves me not. ♪ he loves me! that's right. [ mom ] warm and flaky in 15, everyone loves pillsbury grands! [ girl ] make dinner pop! [ female announcer ] holiday cookies are a big job. everything has to be just right. perfection is in the details. ♪ pillsbury cookie dough. make the holidays pop! >>> people angry over what is called an invasion by dozens of private shuttle buses operated to take employees to, and from work. we're live in the mission district tonight where they held a protest. >> we're talking about these gigantic bus that's ferry people to and from silicon valley. and drive around here in the mission district. you'll see one going by here ab
still ahead tonight backlash against a booming economy. why people are ganging up on google claiming the tech industry isn't pulling its own weight. >> 18 sheriff deputies find themselves on the wrong side of the law. >> who is to blame for the crash of asiana flight 214? of asiana flight 214? >> question btz integrity of the [ laughter ] he loves me. he loves me not. he loves me. he loves me not. ♪ he loves me! that's right. [ mom ] warm and flaky in 15, everyone loves...
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Dec 5, 2013
12/13
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CNNW
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. so you want to drive moreation, safely? of smart.and expenses stop eating. take deep breaths. avoid bad weather. [ whispers ] get eight hours. ♪ [ shouts over music ] turn it down! and, of course, talk to farmers. hi. hi. ♪ we are farmers bum - pa - dum, bum - bum - bum - bum ♪ >>> tonight new details about the horrific car crash that killed "fast and furious" star paul walker. preliminary coroner's report has ruled his death an accident. findings add to the picture still coming into focus. the high performance porsche hitting a light pole and tree on saturday before bursting into flames. the gap between the crash and the fire raised questions about whether the driver richard rodas may have survived the crash. kyu
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. so you want to drive moreation, safely? of smart.and expenses stop eating. take deep breaths. avoid bad weather. [ whispers ] get eight hours. ♪ [ shouts...
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Dec 10, 2013
12/13
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FBC
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i will take a 5% rate any day in a better economy. cheryl: you don't think they have already gotten in? that's what we've seen. the housing market yourself last two years, your industry has gone gangbusters. you don't think those purchases have already been made? >> oh, no, the pent-up demand is still growing. we've been producing between 700 and 900,000 new homes per year over the last couple years and the average per year for the last three decade is 1.5 million homes. so while our industry was up significantly, over the horrific years of 9 and 10, we're nowhere near close where we should be. there is a lot of pent-up demand that is still growing and there is a lot of room to grow and many, many buyers have not gotten in. so i'm not worried about a small tick in rates. i think we'll be fine. david: it is great so many people buying are doing a lot with cash. you say 30 to 35% cash. i've heard in areas of florida people are like, 50% cash in a lot of those areas of florida but is there a concern there? that is, are banks holding back
i will take a 5% rate any day in a better economy. cheryl: you don't think they have already gotten in? that's what we've seen. the housing market yourself last two years, your industry has gone gangbusters. you don't think those purchases have already been made? >> oh, no, the pent-up demand is still growing. we've been producing between 700 and 900,000 new homes per year over the last couple years and the average per year for the last three decade is 1.5 million homes. so while our...
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economy today at 8:30 a.m. eastern when it was revealed we saw 203,000 jobs added in september. -- november. unemployment rate dropping to five-year low of 7%. that is latest of series of stronger than expected reports on the economy. david: but are today's data strong enough to convince the fed to taper bond buying program before the end evident year? we have payden & regal's senior economist. jeffrey, thanks for coming in. appreciate it. >> hi, david. david: the reason the market was so happy, it wasn't quite good enough to make it a sure thing there would be a taper in the next meeting but again it indicates a strength that may keep that purchasing power going on the part of the consumer, right? >> well, 200,000 jobs, it's dead on the three-month average, david. it's just above the 12-month average. if you look at the three-year average, that is 190,000. so we're right in there. continued moderate growth. that's good but the fed is looking for more than just payroll growth. they want to see inflation stabliz
economy today at 8:30 a.m. eastern when it was revealed we saw 203,000 jobs added in september. -- november. unemployment rate dropping to five-year low of 7%. that is latest of series of stronger than expected reports on the economy. david: but are today's data strong enough to convince the fed to taper bond buying program before the end evident year? we have payden & regal's senior economist. jeffrey, thanks for coming in. appreciate it. >> hi, david. david: the reason the market...
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Dec 5, 2013
12/13
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MSNBCW
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the nature of the economy looks like a republican economy, in so far as it is a very unequal one. >> the inequality causes low economic growth. you can't get job growth with these levels of poverty. you can't have the jobs that invest in health care, the tax breaks are given to the rich -- >> you have a lot less productive -- productive consumption, essentially, the money points back to the economy. >> you don't have demand because people don't have jobs or they're working at low wage work. so you don't have the demand that would spark business investment. >> and the president today i think was making this very practical case, which was interesting, he kept saying it is not ideological, this is actually the thing that is not working. i think that pragmatic argument has been a rising argument in the last few years. >> oh, no, there has been speculation on the right wing, the left wing, the data is out, it is correlated with sluggish growth. that some of the most equal societies in the world actually have the highest economic growth and the more emphasis on education. we taught the nat
the nature of the economy looks like a republican economy, in so far as it is a very unequal one. >> the inequality causes low economic growth. you can't get job growth with these levels of poverty. you can't have the jobs that invest in health care, the tax breaks are given to the rich -- >> you have a lot less productive -- productive consumption, essentially, the money points back to the economy. >> you don't have demand because people don't have jobs or they're working at...
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Dec 10, 2013
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the economy is not good. it may be better than it was a year ago, but it's not good. unemployment is very high. the ability -- there are three applicants for every job. making people more desperate to get jobs, even if it meant that someone was so desperate that he got a job he wouldn't otherwise would have gotten, if you're not increasing the number of jobs, that simply means you're throwing someone else out of work. >> right. congressman jerry nadler, who's been fighting these battles for a while now, thank you so much for joining me. appreciate it. >> thank you. >> joining me now, heda bruche with the washington center for equitable growth, housed at the center for american progress, a progressive think tank. heather, can we start basic here? what is unemployment insurance and why do we have it? >> thanks for asking, chris. that's a great question. unemployment insurance are benefits there when somebody loses their job through no fault of their own. it's benefits that are supposed to help them make ends meet while they search for a new job, and critically, these be
the economy is not good. it may be better than it was a year ago, but it's not good. unemployment is very high. the ability -- there are three applicants for every job. making people more desperate to get jobs, even if it meant that someone was so desperate that he got a job he wouldn't otherwise would have gotten, if you're not increasing the number of jobs, that simply means you're throwing someone else out of work. >> right. congressman jerry nadler, who's been fighting these battles...
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Dec 3, 2013
12/13
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ALJAZAM
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you live in a european society or the post-soviet economy. nothing injunctions. >> pavlo, the generational sense, is there a sense in chicago, is there any distinction, is it really just about the economics and the future or does this harken back in a sense in your community to having that feeling that look, we let moscow control things for a generation, now we want to move to the west, we want to be thought of in a western democratized way? >> well, unfortunately controlled by russia and moscow in particular, has been more than a generation or two. our fates have intertwined for well over 400 years when there's bem domination by russia and certain attempts by the ukrainian nation to revolt against it. what we're seeing today is the most recent revolt against the policies of the kremlin. they are happening osh the streets of kiev, on the streets of chicago, on the streets of new york as well in solidarity for what's happening back in our home land. >> why is there not more attention paid in the united states to this particular conflict? >> as
you live in a european society or the post-soviet economy. nothing injunctions. >> pavlo, the generational sense, is there a sense in chicago, is there any distinction, is it really just about the economics and the future or does this harken back in a sense in your community to having that feeling that look, we let moscow control things for a generation, now we want to move to the west, we want to be thought of in a western democratized way? >> well, unfortunately controlled by...
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Dec 2, 2013
12/13
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FOXNEWSW
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. >> we have put tremendous pressure on the iranian economy and that's why they kaem to the table. >> you take the bot off of the neck. we'll speak with you again. thank you. >> and experts predict a big cyber monday today. if you can't get on line don't worry. >> latest effort to give you more time so you can shop for your kids. >> and i will need. it >> and walked into a dppt store. and stepped on the elevator and told the girl the dry goods floor. ♪ when i got off they come up to me. what can i do for you? time in to check in with gretchen carlsson. >> another key obama care dead line. vice-president biden is in a sia. are dems protecting him for 2016? we'll debate that? and will they say the pledge of allegeiance or not? the city that took heat from veterans who said high school students were too busy to recite it in the school. >> and guy getting cited for disorderly conduct for his story. >> and forget cyber monday. how about a full week of on line discounts. >> it is the latest effort. this after black friday sales dropped to the lowest point in years. here is the ceo of the
. >> we have put tremendous pressure on the iranian economy and that's why they kaem to the table. >> you take the bot off of the neck. we'll speak with you again. thank you. >> and experts predict a big cyber monday today. if you can't get on line don't worry. >> latest effort to give you more time so you can shop for your kids. >> and i will need. it >> and walked into a dppt store. and stepped on the elevator and told the girl the dry goods floor. ♪ when...
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Dec 5, 2013
12/13
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FOXNEWSW
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is the better cure to improve the economy in general. you have to remember in the past 20 years or so. we hiked the minimum wage ten times federally. and since 1956 it was done five times. and we looked at businesses. i immediately looked at 15 year stock charts. i picked mcdonalds. and we look at stocks and how they perform. they inform people at minimum wages and both of their stocks hit all- time highs and that is since they were publicly traded since the 80s. and minimum wage hurts people. people say costs go up and the prices get more expensive. and the dollar menu goes away. and then the supporters. believe it or not costco was supportive of raising minimum wage but not to $15. >> it is a bug jump from $8 to faep. >> and especially for the small business. >> john boehner was talking about it this woke. he believes what? if you raise the unemployment minum wage. >> you get less jobs and fewer jobs, exactly. and that has been more of a conservative view point. but there are conservatives, and the state of new jersey run by chris chri
is the better cure to improve the economy in general. you have to remember in the past 20 years or so. we hiked the minimum wage ten times federally. and since 1956 it was done five times. and we looked at businesses. i immediately looked at 15 year stock charts. i picked mcdonalds. and we look at stocks and how they perform. they inform people at minimum wages and both of their stocks hit all- time highs and that is since they were publicly traded since the 80s. and minimum wage hurts people....
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Dec 6, 2013
12/13
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FOXNEWSW
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this all speaks to an economy where the unskilled worker is getting permanent displaced. there are jobs in health care, but other than that, when i see the strikes outside mcdonald's and the folks arguing for a higher minimum wage, those jobs in particular, are they even going to exist that much longer? that's the kind of thing you automate. >> great point. one more point here. there were some good numbers in there. but we're looking at in grand scale, but the one number i thought that was bad was the labor participation rate. it barely moved. >> it barely moved. and that just speaks to the number of people who have given up entirely. when they get the call on the phone and asked are you even looking for work? no, we've given up. it's about 63% right now. so you imagine, that means that almost 40% of people out there don't consider themselves part of the workforce. they're not working. they're not even trying. that's a sad state of america. >> thanks, melissa. see you at 5:00. >> she is money. she's extremely money. look at her. >> yeah. >> meanwhile, secretary of state j
this all speaks to an economy where the unskilled worker is getting permanent displaced. there are jobs in health care, but other than that, when i see the strikes outside mcdonald's and the folks arguing for a higher minimum wage, those jobs in particular, are they even going to exist that much longer? that's the kind of thing you automate. >> great point. one more point here. there were some good numbers in there. but we're looking at in grand scale, but the one number i thought that...
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Dec 7, 2013
12/13
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they're dealing with this horrible economy. also lands in the house of representatives where they understand nothing is getting done. the reason why we have a youth job crisis in this country is because there's been no jobs bill passed. i think the president -- >> -- trillion dollar stimulus shovel ready jobs bill in which even he admits, you know, there are no is up things as shovel ready jobs. how can you put the blame entirely on congress? isn't it the president? >> well, greg, think what we saw in the stimulus package from this president is he actually invested in america's future. he put teachers back to work. firefighters back to work. police officers back to work. a majority of those individuals are young people. young people understand that this law -- >> it was a payoff to the unions. you just listed a litany of unions who are paid off. >> you know that's not true. a lot of young teachers got a chance to go back in the classroom. >> i don't want to get off the subject here. brad, let me get back to it. here's how the n
they're dealing with this horrible economy. also lands in the house of representatives where they understand nothing is getting done. the reason why we have a youth job crisis in this country is because there's been no jobs bill passed. i think the president -- >> -- trillion dollar stimulus shovel ready jobs bill in which even he admits, you know, there are no is up things as shovel ready jobs. how can you put the blame entirely on congress? isn't it the president? >> well, greg,...
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Dec 7, 2013
12/13
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FOXNEWSW
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when you were mentioning obama care and other domestic issues do you think the problems of a tough economy here at home is one reason why americans are fed up with the lack of real progress about solving our domestic challenges? is that why people are turning away from supporting major foreign policy move right now? simple i think that's part of it. i think the bigger thing is the disappointment and the deception on the part of this president as well as the administration and the democrat leaders, quite frankly, in washington, d.c. and particularly in one of the studies that was a harvard institute of politics study, also, that showed that even millenials have done a 180-degree flip-flop. a majority of millenials voted for president obama and now a majority of millenials do not like obama care and what's also scary is that they believe he should be removed from office. i have to explain to a 23-year-old young man yesterday on my radio show, it's not as easy as it seems because of democrat-control of the senate. i think a lot of the desipgs that this administration has done on the american
when you were mentioning obama care and other domestic issues do you think the problems of a tough economy here at home is one reason why americans are fed up with the lack of real progress about solving our domestic challenges? is that why people are turning away from supporting major foreign policy move right now? simple i think that's part of it. i think the bigger thing is the disappointment and the deception on the part of this president as well as the administration and the democrat...
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Dec 10, 2013
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FOXNEWSW
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republicans were just constantly hammering how bad the economy was. then people sort of looked up on election day, it is not, it is a little better than terrible. so i think i'm growing to stick with the guy who is in charge already. if they look up and say, you know what? i thought i would lose my doctor and my plan and pharmaceuticals but turned out only lost my pharmaceuticals and plan got my doctor, it was a little better than projected to be. >> remember in 2012, the other variable was do i want to vote for mitt romney? you will have to have, in a situation like this where you have no candidate yet, and airwaves free to attack one person that can have little bit of an impact. you will be up against somebody. you have to leave on the side of road, 20, 40, years, whatever been, seems he was around forever, somebody has got to run against him. that's got to be a choice. and i'm not so sure you can do it just on basis of this. martha: almost 2014 now. a lot of this stuff will come home to roost over the course of this next year. if you had the outloo
republicans were just constantly hammering how bad the economy was. then people sort of looked up on election day, it is not, it is a little better than terrible. so i think i'm growing to stick with the guy who is in charge already. if they look up and say, you know what? i thought i would lose my doctor and my plan and pharmaceuticals but turned out only lost my pharmaceuticals and plan got my doctor, it was a little better than projected to be. >> remember in 2012, the other variable...
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Dec 5, 2013
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>> our training is still based in the economy. pharmaceutical companies give us tremendous amounts of information on promoting their pills. and we were taught in a classic sense that for one disease there is a pill. so if you get a health headache, there is a headache pill. if you have an upset stomach, there is an upset stomach case. that's simply not the case. we know it scientifically. everything should be a symphony approach. we have gotten to look at the 25th letter of the alphabet, "why"? looking for that why does not mean a single pill. we have become a pill factory. last year we killed over 100,000 giving medications. that's more than we lost in vietnam. martha: people have medications they take on a regular basis. they say i can't just stop taking this. my doctor will be mad at me if i tell him i saw this on tv and i want to stop take it. what do you advise him? >> i advise him not to get my lawyer's number. but they do need to have a conversation with their physician and no longer be the child. so they need to be able to
>> our training is still based in the economy. pharmaceutical companies give us tremendous amounts of information on promoting their pills. and we were taught in a classic sense that for one disease there is a pill. so if you get a health headache, there is a headache pill. if you have an upset stomach, there is an upset stomach case. that's simply not the case. we know it scientifically. everything should be a symphony approach. we have gotten to look at the 25th letter of the alphabet,...
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Dec 5, 2013
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MSNBCW
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the fact is our economy is actually paying for this anyway. why not give people the dignity of a minimum wage increase for $7.13, proposal we have in the congress to $10.10. index to inflation so no longer will we have to engage in this debate about whether our wages are really keeping up with inflation of the economic benefit for us is about $33 billion a year in terms of gdp growth. >> congresswoman, i also just played a bit of speaker boehner's briefing today when he acknowledged a "politico" report by mike allen that republicans are coaching their candidates on how to be more sensitive if they have female opponents. he's trying to coach members of republican caucus to be more sensitive to female and women's issues. do you think that's the problem? >> i think women are sensitive to the fact you can talk the talk but if you don't walk the walk in terms of policies you offer, being nice about it in a sensitive way isn't going to make a difference for women. part of the reason you see that huge divide, what seems like a conversation that shoul
the fact is our economy is actually paying for this anyway. why not give people the dignity of a minimum wage increase for $7.13, proposal we have in the congress to $10.10. index to inflation so no longer will we have to engage in this debate about whether our wages are really keeping up with inflation of the economic benefit for us is about $33 billion a year in terms of gdp growth. >> congresswoman, i also just played a bit of speaker boehner's briefing today when he acknowledged a...
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economy. yes, the economic figures were good, claims for jobs were down, but what worries investors quantitative easing might be backed off, they get nervous. good figures, dow goes down. >> call your investor today. >> someone who knows about these, zain asher at the new york stock exchange. you've been watching a train of wealthy chinese people buying up real estate. >> absolutely. so, yeah, chinese nationals buying up american real estate. 18% of all new home purchases made by foreigners came from chinese nationals. part of the reason, economic growth rates in china. know they've slowed in recent years, they are still impressive by world standards. last year 7.8%, china's the world's second largest economy look at the exchange rates, chinese yuan strengthening, chinese can get more for their money when they inrest in the united states. 70% of chinese nationals that invest in american homes make all cash purchases and not only that, they're buying more expense everybody properties. they're s
economy. yes, the economic figures were good, claims for jobs were down, but what worries investors quantitative easing might be backed off, they get nervous. good figures, dow goes down. >> call your investor today. >> someone who knows about these, zain asher at the new york stock exchange. you've been watching a train of wealthy chinese people buying up real estate. >> absolutely. so, yeah, chinese nationals buying up american real estate. 18% of all new home purchases made...
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economy. and visit booktv.org for this weekend's television schedule. >> while visiting idaho, booktv took a trip over to kellogg located about 36 miles away. the town was founded in the late 19th century by prospector noah kellogg. we sat down with julie whitesel weston who recalls the history of the town. >> kellogg, i remember playing in the park. i remember skiing in the mountains. i remember going to school, which i loved. and i remember all the people who were around, the miners went by our house in the morning. they came by our house in the amp. we could hear the -- in the afternoon. we could hear the mine whistles blow, we could see the lights of the rock house where the ore came in. but we weren't very much involved with the mine. we saw all these people, but we didn't -- i don't think any of us realized what was going on underneath us. so it was just kind of like a normal childhood. be the history of kellogg began with the jackass. noah kellogg was a miner, a prospector who came here
economy. and visit booktv.org for this weekend's television schedule. >> while visiting idaho, booktv took a trip over to kellogg located about 36 miles away. the town was founded in the late 19th century by prospector noah kellogg. we sat down with julie whitesel weston who recalls the history of the town. >> kellogg, i remember playing in the park. i remember skiing in the mountains. i remember going to school, which i loved. and i remember all the people who were around, the...
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economy but it could bolster the view that the economy is gaining traction and could affect policymakers decisions on whether or not to scale back their asset purchases. from the fed's 12 districts, early october to mid november, that includes the 16-day government shutdown. economic activity continued to expand at a modest to moderate pace. manufacturing activity continues to expand in most districts. reports on retail spending were deeper into the beige book, seven out of 12 strips reported modest growth. tourism is affected in some districts. on manufacturing, the report says it continues to expanded most districts with gains noted in motor vehicle and technology industries. many expressed optimism about near-term growth prospects. there is also an upbeat assessment of consumer spending. looking forward to the holiday season, retailers reported being hopeful and cautious. they were reported as moderate to strong. on the key question, what is going on in the labor market? the beige book reports hiring showed a modest increase. difficulty with qualified workers for high skilled --itions
economy but it could bolster the view that the economy is gaining traction and could affect policymakers decisions on whether or not to scale back their asset purchases. from the fed's 12 districts, early october to mid november, that includes the 16-day government shutdown. economic activity continued to expand at a modest to moderate pace. manufacturing activity continues to expand in most districts. reports on retail spending were deeper into the beige book, seven out of 12 strips reported...
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what is he going to mean for the country's economy and the average iranian? devon caught in the middle of the tensions between washington for over 30 years since the revolution. "limited," word is there will be relief. is a small percentage. congress wants to see more sanctions put on iran. if in six months there is no progress, i'd at research is pushing back. they said we have a firm sanctions. -- the administration is pushing back. you will not see dramatic changes. you will see relief on sanctions that were lifted. the auto area and sanctions. >> what about the average iranian? they haven't caught in the middle. >> they have been in support of what is going on with the diplomatic deals. you will more support for raw honey -- rohani andy lee leeway. the iranians have been supportive as the american public. rohani leeway. picture.s a clearer >> what you have seen since 1979, iranians have been isolated. not been able to the oil revenues they had historically. billions lost. a huge part of their economic progress. that is a key area. there been sanctions on
what is he going to mean for the country's economy and the average iranian? devon caught in the middle of the tensions between washington for over 30 years since the revolution. "limited," word is there will be relief. is a small percentage. congress wants to see more sanctions put on iran. if in six months there is no progress, i'd at research is pushing back. they said we have a firm sanctions. -- the administration is pushing back. you will not see dramatic changes. you will see...
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pope was moving away from the free market economy. what is going to be pressure from conservative catholics that are in the finance system or government? >> they are not going to like it. they're going to be concerned -- they're are already up in arms against this pope already. i am not catholic. what they are saying is they have the conservative world up in arms. on pope francis. the debate continues. >> coming up on "bloomberg we will talk about what it means for lululemon's founder to step down. ♪ >> daniel hurwitz on retail, commercial real estate. hurwitz, ddr ceo. tomorrow.scuss we are over stored in this country. >> let's get to company news. bill cohan.st is zoosk is planning to go public. they have picked bank of america to lead the offering. they create matches based on facebook connections. it holds three percent of the dating market. texas instruments reassures wall street that there profits will be in line with analyst estimates. the demand for car components has been making up for weaker components in other industrial
pope was moving away from the free market economy. what is going to be pressure from conservative catholics that are in the finance system or government? >> they are not going to like it. they're going to be concerned -- they're are already up in arms against this pope already. i am not catholic. what they are saying is they have the conservative world up in arms. on pope francis. the debate continues. >> coming up on "bloomberg we will talk about what it means for lululemon's...
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we don't like the current economy, what i going to do to get us to grow at the rate we ought to? coming out of this deep of recession, we will be growing five or 6% a year. we should be pulling back into the middle class. we will be solving a lot of our problems by just the sheer dynamics of a recovery. we are getting none of that right now. don't just tell me which are getting. don't know what you're for. i've been to all too many campaigns in the last 15 years that have been negative, eddie, personality oriented and they think they don't show the country well and i don't think will solve our problems with that approach. i hope you will read "breakout" but if you agree with me that this was an important concept inhibiting the people who think in that line in future, think about prison guards of the pass, we could really begin a dialogue that is future past and is very powerful in terms of bringing many people together who wouldn't know my think they were on the same side and i would appreciate it if you decide the street if you let all your friends and neighbors interface with a
we don't like the current economy, what i going to do to get us to grow at the rate we ought to? coming out of this deep of recession, we will be growing five or 6% a year. we should be pulling back into the middle class. we will be solving a lot of our problems by just the sheer dynamics of a recovery. we are getting none of that right now. don't just tell me which are getting. don't know what you're for. i've been to all too many campaigns in the last 15 years that have been negative, eddie,...
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obama's leadership is focus on what most people's priority is which is creating jobs and getting the economy to turn around and long-term issues and get a handle on the safety net programs like social security and medicare. that is the appropriate role for the government and i think most americans agree. which is why they reelected president obama. >> do you think richard's concern? he feels it is being put on him. is that a fair concern? >> i really don't. in this case, accusations like he unfortunately chose to do isn't constructive. i wish folks like him would step back, listen and engage in dialogue and understand the other side's point of view. when you here talk like his, it is evident he is watching fox news and gets the information mostly from right-wing conservative sources and isn't open to other points of view. and that is why i wrote the book. hopefully someone finds a way to see we have to try to work together and not dig in so hard and accept everything we hear from one side or another. >> putting on your political hat for a moment. the rollout of the health care website: has i
obama's leadership is focus on what most people's priority is which is creating jobs and getting the economy to turn around and long-term issues and get a handle on the safety net programs like social security and medicare. that is the appropriate role for the government and i think most americans agree. which is why they reelected president obama. >> do you think richard's concern? he feels it is being put on him. is that a fair concern? >> i really don't. in this case, accusations...
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he is upside down tree 2-1 2-1 people think he's messing up the economy. health care obviously those numbers are low and then you look at congress. a 9% approval rating. that just ain't right. there something wrong with that. >> that's a family cat. >> i talk about it in the book. her mic is not on, exactly. we set it up that way. >> like the show. [laughter] i read about in the book there are two republican parties right now. there is the republican party and wishing to d.c.. it is such, especially if you go -- it's such an ideologically driven party that does not allow a variety of views. i'm not talking about liberal views and conservative views. i'm talking about the variety of views we had for instance when the heritage foundation -- heritage was about education reform and getting a lot of different conservatives together. they would fight like heck about the best way forward on education reform, the best way forward on tax reform. jack kempe would have horrible fights with phil gramm and others and then they would come together and come up with a tax
he is upside down tree 2-1 2-1 people think he's messing up the economy. health care obviously those numbers are low and then you look at congress. a 9% approval rating. that just ain't right. there something wrong with that. >> that's a family cat. >> i talk about it in the book. her mic is not on, exactly. we set it up that way. >> like the show. [laughter] i read about in the book there are two republican parties right now. there is the republican party and wishing to d.c.....
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the unemployment rate, the fact that our economy is just starting to come back but not fast enough, the problem with the overseas adventures that we have been been involved in and other crises around the world. but i also see as i go around the country people who are hard at work, people in business -- and i talk to business leaders, financial leaders, mass audiences -- i still find that people are optimistic about the this country. they have confidence in who we are and what we are. an almost ray began-like confidence among the people. and if there's one thing that's really bugging them it's that they sense their leaders in washington don't understand how much confidence and optimism is still out there, and they're waiting for the leaders in washington to cut through the gordian knots of conflict and lack of compromise and get this country moving. so i have always tried to be optimistic and convey an attitude of optimism, and i am optimistic about this country. .. h'm >> for the first time in the history of american and jurisprudence a state government of florida the department of just
the unemployment rate, the fact that our economy is just starting to come back but not fast enough, the problem with the overseas adventures that we have been been involved in and other crises around the world. but i also see as i go around the country people who are hard at work, people in business -- and i talk to business leaders, financial leaders, mass audiences -- i still find that people are optimistic about the this country. they have confidence in who we are and what we are. an almost...
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else is expected from this congress so with so many important issues on the table ranging from the economy to immigration perhaps the real question here is should lawmakers be searching for aliens or focusing on the issues right here on planet earth. and we want to update you on the breaking news that we've been following former south african president nelson mandela just passed away a short time ago he was ninety five years old mandela has been viewed as a hero to people all around the world and was the biggest leader against apartheid his health has been failing consistently over the past few months due to a recurring lung infection he was last in the hospital in september but was discharged and allowed to return home he was a nobel peace prize la tourette and one of south africa's most beloved presidents of all time so our hearts go out to his family that's going to for now for more on the stories we covered go to youtube dot com slash r.t.m. america check our website for the latest on the nelson mandela story and follow me on twitter at meghan underscore lopez see a backyard eight. dra
else is expected from this congress so with so many important issues on the table ranging from the economy to immigration perhaps the real question here is should lawmakers be searching for aliens or focusing on the issues right here on planet earth. and we want to update you on the breaking news that we've been following former south african president nelson mandela just passed away a short time ago he was ninety five years old mandela has been viewed as a hero to people all around the world...
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. >>> later today president obama talks about the economy and his call for increasing the minimum wage. in his speech the president will address the income gap between rich and poor. yesterday the subject was health care, the president urging americans to give his affordable care act a second look. major garrett reports. >> reporter: president obama asked the country for a second chance. as he did so, the president joked about the wild promises, his words, that he made about the health care law itself. promises will be fewer in the future, the president said. adding improved performance will turn obama care around. >> our poor execution in the first couple of months on the website clouded the fact that there are a whole bunch of people who stand to benefit. now this we now that we're getting technology fixed, we need to go back and take a look at what's actually going on because it can make a difference in your lives and the lives of your families, and maybe it won't make a difference right now fw you're feeling healthy, but i promise you, if somebody in your family, heaven forbid, get
. >>> later today president obama talks about the economy and his call for increasing the minimum wage. in his speech the president will address the income gap between rich and poor. yesterday the subject was health care, the president urging americans to give his affordable care act a second look. major garrett reports. >> reporter: president obama asked the country for a second chance. as he did so, the president joked about the wild promises, his words, that he made about the...
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. >>> a federal reserve survey found the economy held steady during the 16-day government shoulddown. the government released its beige book survey yesterday. seven of the bank's 12 banking districts found the growth moderate. most will not change its stimulus program when it meets on december 17th. >>> start the presses. "newsweek" is going back into print. paper copies of "newsweek" will begin rolling off the presses next year. "newsweek" stopped publishing print editions a year ago. the magazine's owner, ibt media, wants the weekly version to be paid for by subscription fees instead of advertising. no word on how much that magazine will cost. >>> well, the super bowl is still two months away but all the ad spots for the game broadcast have been sold. that's one month earlier than last month's game. fox sports says one reason is that the super bowl will be played in the new york market. it's estimated that some 30-second spots sold for more than $4 million. >>> and, anne-marie, you have a smartphone, right? maybe a smart tv? but how about a smart bra? well, it's a concept from micro
. >>> a federal reserve survey found the economy held steady during the 16-day government shoulddown. the government released its beige book survey yesterday. seven of the bank's 12 banking districts found the growth moderate. most will not change its stimulus program when it meets on december 17th. >>> start the presses. "newsweek" is going back into print. paper copies of "newsweek" will begin rolling off the presses next year. "newsweek"...
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the economy has added an average of 202,000 jobs a month from august to october. the unemployment level stands at 7.3%. indications that the fed may cut back its economic stimulus sent stocks lower on wall street. the dow jones industrial average lost 68 points, its fifth straight day of decline. the nasdaq fell 4 points. asian markets were cautious ahead of the u.s. jobs report. tokyo's nikkei gained nearly 1% and hong kong's hang seng added a fraction. >>> general motors is pulling most of its chevrolet brand from europe. most chevy sales in europe will end by the beginning of 2016. gm says it will concentrate its european sales efforts on its german made opal brand. they'll offer the corvette throughout europe. >>> and fast food workers demonstrated for higher wages yesterday. protests and work stoppages were held across the country. the effort to raise the minimum wage to $16 an hour began about a year ago led by the service employees international union. >>> and when a tennessee couple ordered breakfast at mcdonald's, drive-through, they got bucks instead. gr
the economy has added an average of 202,000 jobs a month from august to october. the unemployment level stands at 7.3%. indications that the fed may cut back its economic stimulus sent stocks lower on wall street. the dow jones industrial average lost 68 points, its fifth straight day of decline. the nasdaq fell 4 points. asian markets were cautious ahead of the u.s. jobs report. tokyo's nikkei gained nearly 1% and hong kong's hang seng added a fraction. >>> general motors is pulling...
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but the economy remains fragile. especially at the lower income level. and i think that has the retailers very, very nervous. people are absolutely looking for bargains. promotions are top of mind. 50% of shoppers this weekend said they were looking for a bargate, looked for promotions before they went to the store. a third said that they compared prices. through their device smartphone tablet whatever they were carrying around because they are armed and ready and will not buy until they see bargains. i call it a promotional arms race that's going on amongst the retailers. >> okay my inbox is a promotional arms race. there's a sale on everything. >> and most people today know how to seek information better than they've ever done before because of the online femme on none. >> that's right. the online has not increased the amount of shopping people are doing it's increased the ways they shop. that billion dollar number was significant and there's certainly more of the weekend spending was on line 44%. four out of every ten americans bought something online
but the economy remains fragile. especially at the lower income level. and i think that has the retailers very, very nervous. people are absolutely looking for bargains. promotions are top of mind. 50% of shoppers this weekend said they were looking for a bargate, looked for promotions before they went to the store. a third said that they compared prices. through their device smartphone tablet whatever they were carrying around because they are armed and ready and will not buy until they see...
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salaries have to be based on the economy and what the economy in the area can bear. >> the national restaurant association says walk-outs like those planned for today are stunts staged by union-paid protesters and most industry employees are happy. >> we have plenty of opportunities for people to come in part time few hours and prove themselves and move up the ladder. >> reporter: but workers believe the fight for higher wages is the best opportunity for a better life. she plans to join the strike today and is not giving up on her $15 goal. >> when you sfit for something and you believe in it you're going to get it. >> reporter: nancy said she was paid to protest earlier this year but said organizers provided her that money to make up for a lost day of work. charlie, norah, gayle. >> terrell brown, thank you. >>> the white house sure goes all out for the holidays. first lady michelle obama unveiled the annual christmas decorations on wednesday and welcomed the children of military families for the party. the first family's newest edition, their dog sonny stole the spotlight. major garrett is a
salaries have to be based on the economy and what the economy in the area can bear. >> the national restaurant association says walk-outs like those planned for today are stunts staged by union-paid protesters and most industry employees are happy. >> we have plenty of opportunities for people to come in part time few hours and prove themselves and move up the ladder. >> reporter: but workers believe the fight for higher wages is the best opportunity for a better life. she...
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so what does that mean for the economy? cbs news contributor and analyst melody hobson joins us from chicago. good morning. i've sort of covered all the good news was there any bad news in the latest report? >> there was a lot of good news in that report 203,000 jobs you've mentioned. the september and october numbers were revised up. the unemployment rate hit a five-year low at 7%. and where the jobs were coming from, that was great news. construction professional services, manufacturing. those are higher-paying jobs. which is why we saw wages by the hour go up for the moth. and also the work week be a bit longer so if you look across the board, the news was very, very good. >> the markets, the dow rallied 200 points on this which is interesting, because in recent weeks, when there's been good news, the dow has tended to pull back. in part because it's afraid that that will mean the fed will start pulling stimulus out of the economy. why did the market go up yesterday, do you think? >> i think two things went on at once. i
so what does that mean for the economy? cbs news contributor and analyst melody hobson joins us from chicago. good morning. i've sort of covered all the good news was there any bad news in the latest report? >> there was a lot of good news in that report 203,000 jobs you've mentioned. the september and october numbers were revised up. the unemployment rate hit a five-year low at 7%. and where the jobs were coming from, that was great news. construction professional services,...
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, we can empower more... people to innovate, create new technologies and jobs... and strengthen the economy. america is the world's leader in wireless. let's keep it that way. free up licensed spectrum today, so wireless... can do more for america tomorrow. with odor free aspercreme. powerful medicine relieves pain fast, with no odor. so all you notice is relief. aspercreme. >>> global leaders honored nelson mandela today at a massive outdoor memorial in johannesburg, but it's a single handshake getting a lot of attention today. president obama led the u.s. delegation to that ceremony that included three former u.s. presidents. in his remarks delivered in the pouring rain, the president reminded the audience that mandela's greatness was not that he was a saint but rather a flawed human who never gave up his ideals of racial equality. >> there's a word in south afri africa, a word that captures mandela's greatest gift. his recognition that we are all bound together in ways that are invisible to the eye. >> far from being a somber affair, there were some light hearted moments like this. look
, we can empower more... people to innovate, create new technologies and jobs... and strengthen the economy. america is the world's leader in wireless. let's keep it that way. free up licensed spectrum today, so wireless... can do more for america tomorrow. with odor free aspercreme. powerful medicine relieves pain fast, with no odor. so all you notice is relief. aspercreme. >>> global leaders honored nelson mandela today at a massive outdoor memorial in johannesburg, but it's a single...
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so you can. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. prefer the taste of gevalia house blend over the taste of starbucks house blend? not that we like tooting our own horn but... ♪ toot toot. [ male announcer ] find gevalia in the coffee aisle or at gevalia.com >>>s this just in to cnn the senate has confirmed patricia mullet to the u.s. court of appeals for the d.c. circuit. you might be saying so? well, she's the first presidential nominee to be confirmed under new senate rules pushed through by democrats that make it harder for republicans to filibuster presidential appointmen appointments. so there you have it. patricia mullet now a judge. >>> finally this morning, for the friends of one kentucky man it was a prank with a message all in the hopes of stopping him from drinking and driving. jeanne moos has more for you. >> reporter: who deserves a prank in fools you into believing you're waking up. >> oh, my gosh. >> reporter: from a ten-year long coma. >> my son was 2 years old when you came in her
so you can. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. prefer the taste of gevalia house blend over the taste of starbucks house blend? not that we like tooting our own horn but... ♪ toot toot. [ male announcer ] find gevalia in the coffee aisle or at gevalia.com >>>s this just in to cnn the senate has confirmed patricia mullet to the u.s. court of appeals for the d.c. circuit. you might be saying so?...
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so what does that say about our economy? >> well, first of all, the data we get on -- from the retailers at this time of year is almost always contradictory and confusing. they are not always completely forthcoming because they don't want to discourage people from shopping. i think the most interesting thing we saw over the weekend, besides the fact that a number of retailers decided to be open on thanksgiving day, was that 40% of the sales were on-line. in a sense, cyber monday is an accra nism. cyber monday dates from the day when people had slow internet at home and came to work on monday after thanksgiving and ordered. now so many have broadband people are shopping on-line all the time and the retailers are scrambling to catch up with consumers. >> i shop on-line too in light of the incidents you see every black friday, always seems to be a fight somewhere and that can't help retailers, right? >> right. well, of course not. but i think people like going to the stores. we at the "wall street journal" and others did storie
so what does that say about our economy? >> well, first of all, the data we get on -- from the retailers at this time of year is almost always contradictory and confusing. they are not always completely forthcoming because they don't want to discourage people from shopping. i think the most interesting thing we saw over the weekend, besides the fact that a number of retailers decided to be open on thanksgiving day, was that 40% of the sales were on-line. in a sense, cyber monday is an...
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, we can empower more... people to innovate, create new technologies and jobs... and strengthen the economy. america is the world's leader in wireless. let's keep it that way. free up licensed spectrum today, so wireless... can do more for america tomorrow. ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. if you're eligible for medicare, you might know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they help pay some of the difference. and could save you in out-of-pocket medical costs. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and virtually no referrals needed. so don't wait. call now to request a free decision guide to help you understand medicare. and which aarp medicare supplement plan might work best for you. ther
, we can empower more... people to innovate, create new technologies and jobs... and strengthen the economy. america is the world's leader in wireless. let's keep it that way. free up licensed spectrum today, so wireless... can do more for america tomorrow. ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. if you're eligible for medicare, you might know it only covers about 80% of your part b...
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>> a farer economy. an economy that really meets our expectations of what the american dream should be. we've seen four decades of wage stagnation and it's because of unfair actionation, a tax on union and collective bargaining, unfair trade policies. and the net result has been so many hard working people cannot put food on the table based on what they're being paid. we see exorbitant types of bonuses where other people are getting $7.25. it's not fair. the united states is the richest country in the world. >> the government seems helpless to do anything about the wage gap in this country. there's a bill that would raise the minimum wage to 10 bucks an hour. you know that's a nonstarter. you guys are working a couple more days this year and then deal with the budget next year. there's not any time to push for a minimum wage bill. why not be honest about it and tell people now? >> we believe because where there's a will, there's a way. people need better pay. it's not for me to say because the odd are to
>> a farer economy. an economy that really meets our expectations of what the american dream should be. we've seen four decades of wage stagnation and it's because of unfair actionation, a tax on union and collective bargaining, unfair trade policies. and the net result has been so many hard working people cannot put food on the table based on what they're being paid. we see exorbitant types of bonuses where other people are getting $7.25. it's not fair. the united states is the richest...
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president obama used his speech on the economy today to call for an increase in minimum wage. he touted the manufacturing jobs that they are indeed coming back to the u.s. but he also warned more and more americans will be working in the traditionally low paying service try. >> airport, fast food workers, we're still living at our above poverty. that's why it is past time to raise it. >> allison goes into the life of a fast food worker. >> living on $7.25, you cannot do it. >> this is what minimum wage looks and sounds like. >> i would sacrifice my meal or my husband's meal to make sure my kids can have what they need. >> they're fast food workers struggling every day. >> how can you live on $7.25. you could not even pay your apartment. if you have a family of maybe zero, you can support yourself, if you have a family, two kids, a wife, where are you living? under a bridge? it's not right. >> the pay for fast food workers is $9 an hour or $18,720 a year. >> workers are taking jobs because their desperate. and in an economy that's not creating enough middle class jobs -- >> edu
president obama used his speech on the economy today to call for an increase in minimum wage. he touted the manufacturing jobs that they are indeed coming back to the u.s. but he also warned more and more americans will be working in the traditionally low paying service try. >> airport, fast food workers, we're still living at our above poverty. that's why it is past time to raise it. >> allison goes into the life of a fast food worker. >> living on $7.25, you cannot do it....
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but this is really a recovering economy story. and pent up demand story. and you're hearing it from the automakers who are looking at the a good 2014, as well. their stocks reflecting it, too. >> absolutely. so the auto bailout was a good idea? we all remember back in 2008 when mitt romney said let detroit go bankrupt and there was a big partisan fight. so who is right? does the american public get money back? >> the american public has gotten all but about $10 billion back from gm. lost about $1.3 billion on chrysler. ford never took the bailout. be very clear. ford never took the bailout, it was in a better position at the beginning of the financial crisis. but the u.s. taxpayer lost money on those two bailouts of chrysler and gm. but let's be clear. they could have lost a lot more. so there is what they have lost, that is just gm, but a lot of people say, wow, that ended up being a pretty good investment. gm since 2010 has invested $8.8 billion of either own money into 34 facilities and saved or created 25,000 jobs they say. and you have basically the a
but this is really a recovering economy story. and pent up demand story. and you're hearing it from the automakers who are looking at the a good 2014, as well. their stocks reflecting it, too. >> absolutely. so the auto bailout was a good idea? we all remember back in 2008 when mitt romney said let detroit go bankrupt and there was a big partisan fight. so who is right? does the american public get money back? >> the american public has gotten all but about $10 billion back from gm....
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economy and your 401(k), a key checkup shows the economy growing at a quicker pace than expected. you'd that that would send stocks soaring but that's not necessarily the case. zain asher joining us from the new york stock exchange. start with the key economic report that came out today. how much growth are we talking about? >> reporter: third quarter gdp coming in at 3.6%. certainly a good headline number and the biggest growth we've seen since the first quarter of 2012. part of the reason for this is seeing a bigger boost in inventories, bigger buildup in inventorie inventories. you'll see consumer spending is weak. but if you remove inventories from the data, gdp third quarter actually would have come in at 1.9%. not necessarily that impressive. how far, the headline number's getting stronger. if you compare it to what we've seen this year, the first three months of the year, 1.1%, last quarter 2.5%, and also this number is certainly in line with stronger economic reports we've seen just this week from the car industry, and also housing and jobless claims as well. >> very encou
economy and your 401(k), a key checkup shows the economy growing at a quicker pace than expected. you'd that that would send stocks soaring but that's not necessarily the case. zain asher joining us from the new york stock exchange. start with the key economic report that came out today. how much growth are we talking about? >> reporter: third quarter gdp coming in at 3.6%. certainly a good headline number and the biggest growth we've seen since the first quarter of 2012. part of the...